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Shanti Spintex Ltd (544059)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544059 NSE: Textile | Small Cap | Shanti Spintex Share Price

₹42 -1.00 (-2.33%)

As on 10-Jun'26 16:01

Shanti Spintex Ltd (544059)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544059 NSE: Textile | Small Cap | Shanti Spintex Share Price

₹42 -1.00 (-2.33%)

As on 10-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹73 Cr.
Current Price
₹42
52-Week Low / High
₹42 / 79
TTM EPS
₹2.7
TTM Sales
₹683 Cr.
Book Value per Share
₹57.3
P/E Ratio
16.18
Higher than its 5-year historical median
Industry PE
36.2
Price to Book (P/B)
0.75
Lower than its 5-year historical median
Price to Sales (P/S)
0.11
Lower than its 5-year historical median
EV/EBITDA
5.96
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
11.13%
Outperforms industry median
Return on Capital Employed (ROCE)
13.96%
Outperforms industry median
Return on Assets (ROA)
5.50%
Operating Profit Margin
2.8%
Net Profit Margin
1.44%
Gross Profit Margin
2.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
40.35%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-19.6%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-21.66%
Asset Quality
Promoter Holding
73.57%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹80 Cr.
Equity
₹16.9 Cr.
Face Value
₹10
All Time Low / High
₹42.22 / 96.92

Shanti Spintex stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Shanti Spintex Ltd a good quality company?
Shanti Spintex Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Shanti Spintex Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Shanti Spintex Ltd vs industry peers?
Shanti Spintex Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Shanti Spintex Ltd?
Promoters hold 73.57% of the Shanti Spintex Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Shanti Spintex Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -14.12% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shanti Spintex Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ8.8%9.1%18.2%20.5%14%-
Value Creation
Index ⓘ		-0.4-0.40.30.5-0-

Growth Parameters ⓘ
Sales ⓘ113255370506710683
Sales YoY Gr.-126%45.3%36.6%40.4%-
Adj EPS ⓘ2.54.57.47.862.7
YoY Gr.-81.6%65.6%5.4%-22.3%-
BVPS (₹) ⓘ29.132.639.551.357.357.3
Adj Net
Profit ⓘ		3.56.310.513.110.24
Cash Flow from Ops. ⓘ3.55.316.9717.2-
Debt/CF from Ops. ⓘ12.49.32.53.20.8-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA40.7%40.4%
Adj EPS ⓘNANA10.7%-22.3%
BVPSⓘNANA20.7%11.8%
Share Price - - - -34.4%

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		8.414.420.518.411.14.6
Op. Profit
Mgn % ⓘ		10.25.564.92.8NAN
Net Profit
Mgn % ⓘ		3.12.52.82.61.40.7
Debt to
Equity ⓘ		11.10.70.30.1-
Working Cap
Days ⓘ		0959082580
Cash Conv.
Cycle ⓘ		0252018180

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales112.80254.91370.33505.83709.94
Operating Expenses ⓘ + 101.48242.99348.67481.19690.13
Manufacturing Costs14.0315.1021.5219.7415.49
Material Costs83.58222322.16457.36670.69
Employee Cost 2.012.192.492.072.26
Other Costs ⓘ 1.873.702.502.021.69
Operating Profit ⓘ 11.3211.9221.6624.6419.81
Operating Profit Margin (%) 10.0%4.7%5.8%4.9%2.8%
Other Income ⓘ + 0.140.360.381.250.53
Exceptional Items ⓘ 00000
Interest ⓘ 2.682.423.393.231.72
Depreciation ⓘ 4.094.084.524.775.04
Profit Before Tax ⓘ 4.695.7714.1417.9013.58
Tax ⓘ 1.310.904.014.883.38
Profit After Tax 3.384.8710.1313.0210.20
PAT Margin (%) 3.0%1.9%2.7%2.6%1.4%
Adjusted EPS (₹)2.43.47.17.76.0
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Shanti Spintex - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 41.3646.2356.1086.5796.77
Share Capital ⓘ 7.107.107.1016.8916.89
Reserves ⓘ 34.2639.134969.6879.88
Debt +34.2939.3730.6314.4813.68
Long Term Debt34.2939.3730.6314.482.15
Short Term Debt000011.53
Minority Interest00000
Trade Payables28.5634.2266.6671.2453.15
Others Liabilities ⓘ 15.0516.4922.5021.7113.47
Total Liabilities ⓘ 119.27136.31175.88194177.06

Fixed Assets

Net Fixed Assets ⓘ +56.9752.8964.1567.3262.89
Gross Block72.8072.8088.5896.5297.13
Accumulated Depreciation15.8319.9124.4329.2034.24
CWIP ⓘ 00.27000
Investments ⓘ 22201.48
Inventories3.216.8918.8518.4921.70
Trade Receivables37.9751.7167.5389.6968.62
Cash Equivalents 5.953.144.855.037.91
Others Assets ⓘ 13.1719.4118.5013.4514.45
Total Assets ⓘ 119.27136.31175.88194177.06

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 3.465.2716.896.9717.23
PBT ⓘ 4.695.7714.1417.9010.18
Adjustment ⓘ 6.696.077.836.916.46
Changes in Working Capital ⓘ -7.92-6.57-2.47-14.310.58
Tax Paid ⓘ 00-2.61-3.530
Cash Flow From Investing Activity ⓘ + 0.05-0.22-14.55-4.86-0.31
Capex -0-0.28-14.60-7.94-0.61
Net Investments 0002.990
Others ⓘ 0.060.050.060.100.30
Cash Flow From Financing Activity ⓘ + 0.82-7.85-0.64-1.93-14.03
Net Proceeds from Shares ⓘ 00018.820
Net Proceeds from Borrowing ⓘ 3.235.082.74-16.15-12.31
Interest Paid ⓘ -2.67-2.41-3.37-3.23-1.72
Dividend Paid ⓘ 00000
Others ⓘ 0.25-10.520-1.360
Net Cash Flow ⓘ 4.33-2.811.710.192.88

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.1611.1119.818.2511.13
ROCE (%)8.769.1418.1820.4513.96
Asset Turnover Ratio0.951.992.372.743.83
PAT to CFO Conversion(x)1.021.081.670.541.69
Working Capital Days
Receivable Days122.9064.2058.8056.7040.70
Inventory Days10.407.2012.7013.5010.30
Payable Days124.7051.6057.205533.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shanti Spintex Ltd FAQs

The current trading price of Shanti Spintex on 10-Jun-2026 16:01 is ₹42.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Shanti Spintex stood at ₹72.62 Cr

The latest P/E ratio of Shanti Spintex as of 09-Jun-2026 is 16.18.

The latest P/B ratio of Shanti Spintex as of 09-Jun-2026 is 0.75.

The 52-week high of Shanti Spintex is ₹78.95 and the 52-week low is ₹42.22.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shanti Spintex is ₹683 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shanti Spintex Ltd is a average quality company.

The key valuation ratios of Shanti Spintex Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shanti Spintex Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Shanti Spintex Ltd

The company was originally incorporated as a private limited Company under the name of “Shanti Spintex Private Limited” on August 23, 2010 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Ahmedabad. Thereafter, the company was converted from private limited to public limited and the name of the company was changed from “Shanti Spintex Private Limited” to “Shanti Spintex Limited” vide fresh certificate of incorporation dated August 18, 2023, issued by the Registrar of Companies, Ahmedabad, Gujarat.

Incorporated in 2010, the company is primarily engaged in manufacturing and selling of denim fabrics. It began its business as a fabrics trading concern in the FY 2014-15. In 2016, the company established its fabric weaving unit at Dholi – Integrated Spinning Park, Dholka, Ahmedabad. The company has various airjet looms installed at Dholi unit. Weaving is the process of converting yarn into fabrics wherein two distinct sets of yarns or threads are interlaced at right angles to form a fabric. The airjet looms installed by it utilize a technique where a jet of compressed air is used to insert the weft (crosswise) yarn into the warp (lengthwise) yarn to create the raw fabrics also known grey fabrics.

Business area of the company

The company manufactures various type of denim fabrics such as power stretch spandex denim, knit denim, light weight denim, rigid denim, over dyed denim and flat finish 3/1 denim. Its production facility has capability to produce grey fabrics in various designs such as twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave. It offers denim fabrics in diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, halogen blue and ecru colour which has weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths spanning from 62 inch (157cm) to 78 inch (198 cm). Its operations encompass utilization of diverse type of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell etc. which are procured by it from domestic market. In addition to yarn, it also directly procures grey fabrics from the market, which are subsequently sent for finishing, and is then sold to customers. It outsources the yarn dyeing and grey fabrics finishing process to third parties.

Major events and milestones

  • 2010: Incorporation of the Company as “Shanti Spintex Private Limited” under the Companies Act, 1956.
  • 2016-17: Commencement of manufacturing unit at Dholka, Dholi, Ahmedabad, Gujarat.
  • 2017-18: Capacity expansion at existing unit by installation of additional airjet looms.
  • 2018-19: Crossed revenue of RS 100 crore.
  • 2021-22: Crossed revenue of Rs 250 crore.
  • 2022: Commissioned a wind energy power plant (Wind Farm) of combined capacity of 2 MW in the village Likhala, Taluka Savarkundla, District Amreli, Gujarat.
  • 2022-23: Crossed revenue of Rs 350 crore.
  • 2023: Conversion of company from Private Limited to Public Limited. In consequence of such conversion, Name of the company changed from “Shanti Spintex Private Limited” to “Shanti Spintex Limited”.
  • 2023: Installed the 852 kw rooftop solar plant at manufacturing unit. 


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